# Tesla’s Market Share in the U.S. Sees Steady Rise Over Last Two Years, Increasing by 125%

- Link: https://greenlivingguy.com/2022/06/teslas-market-share-in-the-u-s-sees-steady-rise-over-last-two-years-increasing-by-125/
- Published: 2022-06-17T11:57:28-04:00
- Author: greenlivingguy

Available data shows Tesla has been growing its presence in three of its key markets,
North America, Europe, and China. According to a [StockApps](https://stockapps.com/)
analysis, it grew its U.S market share from 1.2 percent in Q1 2020 to 2.7 percent
in Q1 2022. That’s a 125 percent jump in its [American](https://greenlivingguy.com/2017/10/tesla-model-3-electric-car-information/)
foothold in the last couple of years.

Edith Reads, StockApps’ lead financial analyst, says, “Tesla’s performance in the
EV market has been impressive. Its market share is on a steady rise, with more sales
being generated from the key automotive markets. Also, the company is acquiring 
new markets, boosting the total market share. This growth contrasts with the global
supply chain trends, which are currently highly volatile.”

![Edith reads stockapps&apos lead financial analyst says tesla&aposs performance
in the ev market has been impressive Its market share is on a steady rise with more
sales being generated from the key automotive markets Also the company is acquiring
new markets boosting the total market share This growth contrasts with the global
supply chain trends which are currently highly volatile](https://i0.wp.com/greenlivingguy.
com/wp-content/uploads/2022/06/austin-ramsey-9X3DmoEM64k-unsplash.jpg?resize=420%
2C280&quality=52&ssl=1 "Tesla Model S electric sedan representing Tesla performance
and U.S. EV growth - The Green Living Guy")

## **The market share analysis**

The company recorded a [boom in the market](https://greenlivingguy.com/2024/10/why-the-organic-food-market-is-booming/)
share value in 2022. For instance, in the first quarter of 2022, the company sold
more than 310 000 electric [cars](https://greenlivingguy.com/2005/11/the-case-for-electric-vehicles-now/)
across different automotive markets. This value represents a 68 percent increase
from the previous year.

Further analysis shows that Tesla is inching towards three percent market shares
in the U.S. and Canada. On the other hand, its European market share stood at roughly
1.8 percent, while in China, it held 1.6 percent of the market.

Other than the main markets established, the company has also established dominance
in two new markets. Its Tesla Model Y is in high demand in Texas and Germany.

## **Tesla’s expected future trends**

Tesla’s future has never been rosier. All signs point to it increasing its market
share steadily over the coming years. Moreover, with the acquisition of two more
markets, the company is looking forward to selling even more [electric vehicles](https://greenlivingguy.com/2022/06/californias-new-electric-vehicles-incentives-program-allots-vouchers-up-to-375k-greenpower-qualifies/)
in the coming days.

The company’s long-term goal is to establish a reputation in global automotive markets
and increase the sale of [electric cars](https://greenlivingguy.com/2024/10/rapid-growth-of-bev-market-in-the-u-s/).
Towards that end, they’re targeting a 50 percent increase annually.

The full story and statistics can be found here: Tesla’s U.S market share jumps 
125% in the last 2 years in the U.S

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 greenlivingguy

 The Green Living Guy, Seth Leitman is an independent power producer, a green living
expert, and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author,
Radio Host, Reporter, Writer and an Environmental Consultant on green living. The
Green Living Guy writes about green living, green lighting, the green guru guides
and more. Seth's books range from: # Build Your Own Electric Vehicle by Bob Brant
and Seth Leitman (2nd and 3rd editions) # Build Your Own Plug-in Hybrid Electric
Vehicle by Seth Leitman # Build Your Own Electric Motorcycle by Carl Vogel # Green
Lighting by Seth Leitman, Brian Clark Howard and Bill Brinsky # Solar Power For 
Your Home by David Findley # Renewable Energies For Your Home by Russel Gehrke #
Do-it-Yourself Home Energy Audits by David Findley # Build Your Own Small Wind Power
System by Brian Clark Howard and Kevin Shea # and more green living books to follow.

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